Going further than just KPIs, there is now the concept of objectives and key results (OKRs). This is a tool for collaborative goal-setting that teams can use to define their goals. The goals should be challenging but achievable and have definable results.
OKRs are how you can see if your progress is on track, and they are also a method for encouraging people to support each other to achieve their goals. The objective is what you want to achieve, while the key results are the indicators that you are on your way to achieving your goal. They provide a benchmark so that you will know when you have reached your target.